Guaranteeing Fair Banking for
All Americans Executive Order Reporting
New
collection (Request for a new OMB Control Number)
No
Regular
12/05/2025
Requested
Previously Approved
36 Months From Approved
5,000
0
3,875
0
336,200
0
On August 7, 2025, President Donald J.
Trump issued the Executive Order entitled: “Guaranteeing Fair
Banking for All Americans” (the “Fair Banking Executive Order”)
instructing the SBA, along with there-defined federal banking
regulators, to end the practice of politicized or unlawful
debanking – the practice where banks and financial services
providers, both independently and at the direction of federal
regulators, freeze or close accounts, deny loans, and refuse
services to politically disfavored people and businesses. The Fair
Banking Executive Order imposes an obligation on the SBA to require
financial institutions subject to SBA’s jurisdiction and
supervision to identify and remedy instances of politicized or
unlawful debanking. The SBA consequently must collect related
information to ensure its compliance with the Fair Banking
Executive Order. Respondents shall provide SBA with a detailed
report addressing and evidencing compliance with the requirements
listed on the information collection. Lending institutions with
under $30 billion in assets that are supervised by a federal
banking regulator may comply with this reporting requirement via
the template provided on September 30, 2025.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.